Code of Virginia § 59.1-207.19. Inapplicability of other laws; exempted transactions.

136 words·~1 min read·/va/title-59-1/chapter-17-4/59-1-207-19·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A. Lease-purchase agreements that comply with this chapter are not governed by the laws relating to:

1. A home solicitation sale as defined in § 59.1-21.2 ;

2. A transaction described in § 6.2-311 ; or

3. A security interest as defined in subdivision

(35)of § 8.1A-201 .

B. This chapter does not apply to the following:

1. Lease-purchase agreements primarily for business, commercial, or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;

2. A lease of a safe deposit box;

3. A lease or bailment of personal property which is incidental to the lease of real property, and which provides that the consumer has no option to purchase the leased property; or

4. A lease of an automobile.

1988, c. 24; 2003, c. 353 ; 2010, c. 794 .